First Peoples Economic Growth Fund – Financing Programs (NGO)

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The First Peoples Economic Growth Fund Inc. (FPEGF) provides a variety of support for First Nation owned businesses through a diverse portfolio of programs.

Summary

The First Peoples Economic Growth Fund Inc. (FPEGF) provides financing to support Manitoba First Nation business proposals that are economically viable. FPEGF provides a variety of support for First Nation owned businesses through a diverse portfolio of programs.

Eligibility

Businesses funded under the programs listed below must:

  • have a profit objective (non-profit projects will not be considered)
  • demonstrate viability through a sound business plan
  • primarily operate in Manitoba

Type of Assistance
 

  • Joint Venture Program – This program is intended to provide support for large-scale First Nations enterprises which, in the opinion of FPEGF, have a business concept that provides excellent opportunity based on initial screening. Financing is available for up to the lesser of $1,000,000 or 50 per cent of the fair market value of the total project costs.
  • Resource and Energy Investment Program – This program is intended to provide debt or equity financing to large-scale businesses in either the resource or energy sectors of the Manitoba economy. All investments will be made in Manitoba. Typical financing available will be from $500,000 to $2,000,000 and will typically represent about 20 per cent of the total financing required.
  • Entrepreneur Loan Program – This program is intended to assist First Nation entrepreneurs by providing capital and/or working capital through subordinated interest-free loans that will enhance the applicant’s ability to leverage financing from other institutions and agencies.
  • Community Economic Expansion Program – This program is intended to assist First Nation community-owned businesses for start-up, expansions or acquisitions. The intent is that these viable businesses will provide for the creation of wealth and jobs for First Nations.

 

Note: Eligibility requirements may vary by program. Full program descriptions and applications are available at www.firstpeoplesfund.ca.

Contact

First Peoples Economic Growth Fund Inc.
102 - 1075 Portage Ave.
Winnipeg, Manitoba R3G 0R8
Phone: 204-942-6026
Toll free: 1-888-942-6026
Fax: 204-942-6441
Email: info@firstpeoplesfund.ca
Website: www.firstpeoplesfund.ca